Followers | 21 |
Posts | 355 |
Boards Moderated | 0 |
Alias Born | 02/26/2012 |
Thursday, September 29, 2022 9:40:48 AM
Newport Beach, CALIFORNIA, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Galexxy Holdings Inc., (“Galexxy,” “GXXY”) (OTC: GXXY) is pleased to announce that its 100% owned subsidiary, Wellbeing Farms LLC, (“WellBeing,” “WBF”) is expanding its marketing reach to the European and UK markets.
Wellbeing Farms has received a nomination for a Leading Manufacturer Award at the White Label World Expo Series in Germany to be held in October; and this week the Company is presenting its superfood Functional Mushroom - CBD products at the world's largest event for online sellers at the White Label World Expo in New York. The Company believes that initial interest is very strong. Wellbeing is also competing for Innovative Product of the Year award at the White Label World Expo in London, UK in late February 2023.
Michael Biagi, WBF’s CEO stated that “By opening our extensive range of specially formulated Functional Mushroom - CBD health supplements for white labelling to international markets, the Company is very pleased with the response thus far and is expecting significant new export opportunities.”
The Global functional mushroom market size was valued at USD 24.97 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2022 to 2028. This can be credited to the rising adoption of these mushrooms as superfoods, owing to their potential of various health benefits. Functional mushrooms have a possibility for a variety of applications in pharmaceutical and healthcare products. Owing to this, we believe, their demand will be on the rise in the coming years. Also, increasing product application in the medicinal industry as a health supplement is further driving the market growth. Ref: *Grand View Research
Michael Biagi further stated that; “We believe we’re at the forefront of Functional Mushroom - CBD formulated products. We’re excited to combine these uniquely differentiated products to our exciting marketing plan in order to meet growing consumer demand for easier and more convenient access to specialty health supplements”.
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM